Park and Fly,a Chain That Operates Off-Terminal Parking Lots near Major

question 67

Multiple Choice

Park and Fly,a chain that operates off-terminal parking lots near major airports in several U.S.cities,has a "frequent-parker" program that offers customers a week's free parking after they have paid for 35 days.Which of the following types of price discrimination is the company practicing?

• A)Perfect price discrimination
• B)Predatory pricing
• C)Third-degree price discrimination
• D)Block pricing

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Definitions:

Responsiveness

The quality or state of reacting quickly and positively.

Teratogens

Agents, such as chemicals and viruses, that can reach the embryo or fetus during prenatal development and cause harm.

Stress Hormones

Chemical substances, such as cortisol and adrenaline, released by the body in response to stressors, affecting bodily functions to handle stress.

Premature Birth

The birth of a baby before 37 completed weeks of gestation, often leading to health challenges.